change to buyback

I notice that through mutual agreement Austock has been released from its role as joint broker to the buyback with Argonaut Securities (who will continue as sole broker). I cannot help but wonder why.

It could be that it had become cumbersome to have two brokers cooperating on the buyback. Perhaps SAE was unhappy with the way Austock was doing its job. Or maybe Austock has other fish to fry as regards SAE that would give it a conflict of interest.

Anyway, I see that not even 1m shares have been bought back under then plan at this stage. A pity really that they were not able to effect more purchases when the stock was trading at closer to 30cents. There has not been a buyback notice since 4 April.

regards
DF